Pirelli clinch three-year tyre deal

Italian tyre manufacturer Pirelli has clinched an exclusive three-year deal to supply tyres to Formula One teams from next year, the sport's governing body FIA announced yesterday. "Pirelli has been selected as the single tyre supplier for the FIA...

Italian tyre manufacturer Pirelli has clinched an exclusive three-year deal to supply tyres to Formula One teams from next year, the sport's governing body FIA announced yesterday.

"Pirelli has been selected as the single tyre supplier for the FIA Formula One World Championship for a period of three years, commencing in 2011," FIA said in a statement.

Pirelli takes over from Japanese manufacturer Bridgestone, which is pulling out of the sport citing reasons including financial issues.

The Italians were preferred to British firm Avon and Michelin of France, considered Pirelli's closest challenger for the contract.

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